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Announced

Completed

BROCC completed the acquisition of GCC Capital from Accastum.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

Friendly

Majority

Sweden

Single Bidder

Acquisition

financial lending

Leasing

Domestic

Synopsis

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BROCC, an operator of a consumer lending platform, completed the acquisition of GCC Capital, a provider of financial lending and leasing services, from Accastum. Financial terms were not disclosed. The acquisition is part of BROCC's growth strategy and makes it possible to also offer savings accounts and provides a foothold in the Finnish market. The acquisition means that BROCC will promote continued growth while reducing the company's financing costs.

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